Novato Reverse Mortgages
At All Reverse Mortgage, Inc. (ARLO™), we take pride in being California’s #1 Rated Reverse Mortgage Lender. We have a perfect 5-star rating from the Better Business Bureau and an A+ Exemplary Rating. We’ve been serving communities across California and 15 additional states since 2004, all from our headquarters in Southern California.
We focus solely on reverse mortgages, so you can trust that we have the expertise you need. We’re dedicated to providing you with the best possible rates and the lowest costs, ensuring you get the most out of your home’s equity.
As a HUD-approved lender, we offer national HECM programs and provide non-FHA and Jumbo Reverse Mortgages for those with higher-value homes exceeding the national 2024 lending limit of $1,209,750.
We invite you to compare our reviews, rates, and closing costs with those of any other lender. We’re confident you’ll see the difference and are excited to help you make the most informed decision.
Novato Reverse Mortgage Facts
| City | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Purchase Reverse Mortgages Closed Last 12 Months | Lenders in Novato (est) | Avg. Home Value |
|---|---|---|---|---|---|
| Novato | 11,902 | 9 | 0 | 9 | $1,173,869 |
HUD-Approved Direct Lender
At All Reverse Mortgage, Inc. (ARLO™), we are proud to be approved by the Department of Housing and Urban Development (HUD) to offer the Home Equity Conversion Mortgage (HECM), commonly known as a reverse mortgage. We take care of everything, from the application to closing, ensuring you’re in good hands every step of the way.
We serve homeowners in Anaheim, helping those who already own their homes refinance to eliminate their monthly mortgage payments or access their home equity for other needs. Whether you want to pay off your existing loan, free up some extra cash, or do both, we’re here to help.
About Us
Our team at All Reverse Mortgage has deep experience in the industry. In 2008, we were part of the group that introduced the first fixed-rate jumbo reverse mortgage, so we understand both HUD-backed HECM loans and jumbo (or proprietary) loans. This expertise allows us to offer options for homeowners with higher-value homes that may not be fully covered by HUD’s HECM program.
Choosing the right loan can be challenging, but our experienced originators are here to guide you. We’ll explain the options, including the pros and cons of each, so you can make the best decision for your situation. Whether a HUD HECM or a jumbo loan is right for you depends on your unique needs, and we’ll ensure you have all the information to make an informed choice.
For homeowners aged 62 and older, a reverse mortgage can be a valuable financial tool. It’s not just a last resort; many are using it to enhance their retirement plans. With a reverse mortgage, you can eliminate monthly mortgage payments or set up a line of credit that grows over time, helping you live comfortably and plan for the future.
Novato Lending Limits
Located in the northernmost part of Marin County, California, Novato sits in the northern part of the San Francisco Bay Area. Although relatively young, having been incorporated in January 1960, the city has grown into a vibrant community with nearly 56,000 residents as of 2024, of which approximately 12,300 are seniors aged 62 and older.
Novato offers a peaceful retreat from the hustle and bustle of San Francisco, which is about 29 miles away. The city is perfect for residents and visitors seeking a relaxing getaway, with attractions like the Space Station Museum, the Marin Museum of Contemporary Art, and the Novato Arts Center at Hamilton Field. For those who enjoy the outdoors, Olompali State Historic Park provides an excellent escape into nature.
Novato is also home to over 2,500 businesses, from corporate headquarters and large-scale retailers to specialty boutique shops and technology companies.
As of 2024, the median home value in Novato is $1,225,600, reflecting an 8.7% increase over the past year. With most homes in the area valued above the federal reverse mortgage lending limit of $1,209,750 set by the Federal Housing Administration (FHA), senior homeowners with higher-valued properties may want to consider taking out a jumbo reverse mortgage to access a greater portion of their home equity.
If you’re a homeowner in Novato aged 62 or older, and you’re curious about how a reverse mortgage could benefit you, All Reverse Mortgage, Inc. (ARLO™) is here to help. Call us today at Toll-Free (800) 565-1722 or visit our calculator to explore your options.
We’re ready to answer your questions and help you make the most of your home’s equity—so you can confidently enjoy your retirement. Don’t wait—reach out to us today!
